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Spokane, Washington  Est. May 19, 1883
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We lost a corporate headquarters with Umpqua merger, but the new bank looks solid

While some may lament the loss of another company headquarters in the merger of Umpqua and Sterling banks, the good news is the new bank combines Sterling's solid lineup of strong departments with a bank widely considered an innovator in the financial services area.

Saturday's SR story on the merger noted the merger is now official.

Both banks in fact have been listed by Forbes magazine on its list of most respected U.S. banks.

In 2012 the bank listed Umpqua Holdings Corp. as the top-rated Oregon bank. It landed at 28 overall on the list.

Forbes used several criteria to devise the rankings, including profits, bad loans and several measures of capital.

Sterling was ranked No. 40 on the same list.

Photo credit: Dan Pelle for The Spokesman-Review

 

 



The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.